Last Will and Testament, Life Insurance, Medical Aid, Momentum Multiply, Savings, Short Term Insurance

Janu-worry 2021

With Janu-worry almost behind us, we can start focusing on the year ahead. Hopefully the schools are about to start, and some form of normalcy are to return! Count yourself lucky if you are still working from home – especially in this weather we are currently experiencing in Gauteng!

October 2021 will see the 4th post-apartheid cencus take place in South Africa, and we have municipal elections coming up – and possibly a vaccine…Tax are being relooked, and according to the Big Mac Index, the South African rand is undervalued by 61.9%, which is the fourth most undervalued currency measured by the index in July.

Using the raw data, a Big Mac costs R33.50 in South Africa and $5.66 in the United States. The implied exchange rate is R5.92 to the dollar.

Japan is still dead-set on hosting the Olympics from 23 July – 8 August 2021, and many others are holding out hope for an overseas holiday this year!

These are all out of our immediate control, but what we can control is our finances. Shop around for better short term insurance quotes and benefits, make sure your last will and testament is up to date and your savings pocket is growing, get rewarded for being active and looking after ourselves, and in turn, spending those rewards on what matter most!

Momentum Multiply – rewarding you for looking after yourself.

Momentum Irene would love to be of service to you on your financial wellness journey. Feel free to connect with us on any of our platforms, and we will come to you – masked and all! If you would prefer a Zoom or Teams introduction, that can also be arranged.

We wish you a magnificent, healthy, prosperous 2021, and look forward to meet up for a coffee (even if it is virtual).

Financial Wellness consultations can be in person or online.
Momentum Multiply

Momentum Multiply lockdown level 3 update

Did you know, since lockdown began on 27 March, our members have earned over 500 000 Active Dayz™? We’re so proud of all of you. This shows a commitment to staying active and being healthy – which is what being a Multiply member is all about.

Keep the momentum!

Your physical and mental health is important, especially during times of isolation and social anxiety. From 1 June, we will allocate your earned Active Dayz for 10 000 steps, 300 calories or online gym sessions. We will not be allocating your average Active Dayz based on past gym visits or Parkruns for June.

Make sure your fitness device or app is linked to your Multiply profile by clicking here. Don’t have a fitness device? Get one at a great discount on the Multiply online shop!

You can also download the FitVault app to track steps or the Strava app to log jogging, walking or cycling. Both apps are free and all you need is your mobile phone.

If you miss the gym…

If you’re a member of Virgin ActivePlanet Fitness or Curves, you can also register and participate in their online workouts. You will automatically get an active day for completing any session that’s at least 30 minutes. Contact your gym for more information on these online workouts. If you have a fitness device, don’t forget to wear it during the session so your progress can be tracked.

That’s it for now. We’ll keep you informed if anything changes. And remember, if you’re heading outdoors to exercise, always practise physical distancing, wear a mask and stay safe.

Momentum Multiply

Momentum Multiply – There’s hope, no matter what.

Our worlds have changed and we quickly had to adapt to a new way of working, socialising and even doing our everyday mundane tasks like going to the shops. On the bright side, our hands have never been this clean. But even in the direst of situations, there’s hope. May we find hope, may we treasure the small things and may we stay safe and healthy.

Yours in wellness,

Momentum Multiply

Momentum Multiply Lockdown Update

Level 4 lockdown has brought changes to the way we can get active. The good news is that more outdoor activity is allowed, which helps both your physical and mental wellbeing. Let’s talk about how your Active Dayz™ are now affected.

If you usually earn Active Dayz by logging 10 000 steps or 300 calories on your fitness device:
* Restricted physical activity is now allowed within your neighbourhood in a 5km radius.   
* You can earn your Active Dayz by jogging, walking, cycling or exercising at home.

If you usually earn Active Dayz by going to the gym or completing Parkruns:
* Since gyms and Parkruns are still closed, we will top up your Active Dayz for May so you
get at least as many Active Dayz as the average Active Dayz you earned based on gym
visits and Parkruns in the three-month period from December 2019 to February 2020.
* The adjustment will be up to a maximum of your average Active Dayz in the three-
month period from December 2019 to February 2020 and will be made at the beginning
of June.

 In both cases, we encourage you to get moving and stay active. Find what works best for you to log your physical activity and earn Active Dayz as we navigate through the levels of lockdown. If you’re heading outdoors, always follow the safety guidelines, practise physical distancing and wear a mask.

Make sure your fitness device or app is linked to your Multiply profile by clicking here. If you don’t have a device, you can download the FitVault app to track steps or the Strava app to log jogging, walking or cycling. Both apps are free and all you need is your mobile phone.

Stay safe!

Momentum Multiply

Momentum Lockdown Update

3 Days in to lockdown level 4, we want to assure you that your rewards will keep coming, no matter what. We are pleased to let you know that the following benefits will be extended until 30 June.

Extra 3% in cashbacks – Get an extra 3% in cashbacks from Pick n Pay, Dis-Chem and Clicks on top of your normal cashbacks percentage. This will be applied to both in-store and online shopping. Please check directly with your nearest store for updated trading hours.

If you haven’t activated your benefits yet, click on the logo to find out how:

Weekly Wins – Get a Dis-Chem or Total voucher for your Weekly Wins treat. Wimpy vouchers are currently not available. The process to earn Weekly Wins and receive voucher codes remains the same.

The R25 voucher is valid for 14 days, can be used in-store or online. No change given.

The R25 voucher is valid for 14 days, can be used for fuel or the convenience store. No change given.

If you are giving the voucher code to the cashier in store, please take precautions when doing so. Rather read the code out to the cashier instead of giving them your phone to hold.

Yours in wellness
Johan Kleu
Executive Head: Multiply

Momentum Multiply

Multiply your money when you need it most

In these uncertain times, Multiply Money is one thing you can be sure of to get you through financially, with low risk, no monthly fees and instant access to your money.

Build up an emergency savings fund – by doing the things you already do.
The cashbacks you earn when you shop for essentials at our retail partners, Pick n Pay, Dis-Chem and Clicks are paid directly into your Multiply Money savings wallet. You can also deposit money from any South African bank account into your payment wallet, then transfer it to your savings wallet. The money in your savings wallet grows from the first cent with a great interest rate*.

If you need essentials, Multiply Money has got you covered.
Get easy, instant access to your money by making mobile payments at selected retailers, using your Multiply Money Card to shop for essentials in-store or online or transferring money to your HealthSaver account to pay for medical expenses or pet care at the vet.

It’s never too late to start saving for a rainy day.
Since you may be spending less money on non-essentials, set a savings goal on the Multiply Money app and try to save towards it during this time. Having something to work towards is a great way to stay upbeat and motivated.

The recent prime rate cuts may have also left you with extra cash that you can use to pay off your debt quicker or save in a low-risk savings vehicle – especially since the market is uncertain now – to build up an emergency fund

We encourage you to make the most out of Multiply Money during this time.

Watch this video to find out how
Momentum Multiply

Momentum Multiply Updates

Following the recent developments with COVID-19, social distancing and the nationwide lockdown, we recognise the effect it will have on our members’ ability to earn rewards.

The following are affected: Members going to the gym or doing Parkruns for Active Dayz, gym membership fees for Save as you Gym members and Members’ Healthy Heart Scores or fitness assessment results expiring during this period.

Here is how we can help:

What happens to your Active Dayz?
We’ll work out your average gym visits, Parkruns and total Active Dayz for the previous three months.  
Scenario 1

If you have no Active Dayz, we’ll give you your average gym visits and Parkruns from the previous three months.
Scenario 2

If you have some Active Dayz based on steps and calories, but this is less than your average, we’ll make up the difference to get you to the average from the previous three months.
Scenario 3

If you have some Active Dayz based on steps and calories, but this is more than your average, we’ll give you your actual number of Active Dayz. 
What happens to your Save as you Gym fees?

We’ll use the average discount over the past three months to calculate your fee for March and April.

What happens if your Healthy Heart Score or fitness assessment result expires in March or April?

We’ll extend the expiry date of the result to the end of April 2020. Your points will only be allocated once it’s safe for you to go for another assessment and we receive the results. We will only allocate your points once you do another health or fitness assessment and we receive the results.

Please do not hesitate to contact us if you have any queries.


Momentum Irene